*Annual Median Appreciation = 8.0% (Cromford Report)
*Buyer’s market – Buyers are being selective and are looking for the best price with the most upgrades.
*Average List Price: $193,891; Average Sold Price: $172,246; average home size = 2,103 sq ft; average price per sq. ft = $84.73
*For buyers and sellers to come to an agreement on a purchase price, sellers are giving up, on average, 98% of their list price. Note, this does not include any other seller concessions i.e. Seller contribution to the Buyer’s closing costs.
*Average Days on Market before an acceptable offer is received = 55 days.
Check out the graph below. It shows the annual median sales price for Maricopa since 2001. We are showing signs of stable appreciation.